Markets – Macro – Technicals


This page tracks $DJIA (Dow Jones Industrials) over time and different time frames. Updates, including different time frames and additional technical subsets will be notified via Twitter and Facebook.

For access to other charts please visit Charts. For latest public market views please visit Market Analysis.

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All content is provided as information only and should not be taken as investment or trading advice. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. For further details please refer to the disclaimer.

August 23, 2017

$DJIA tagged its 50MA and has bounced since, however in the process it has fallen below its US election trend line. This trend line is now resistance and unless bulls can get price back above it it’s now technically broken. Without a recapture the 100 and 200MAs are legitimate technical targets and hence present corrective risk.

August 15, 2017

Last week’s drop saw the $DJIA find support at its ascending trend line again. As long as this line holds the trend is in place. A break would risk a move toward the major MAs and/or a fib retrace. Note the confluence of the 200MA and the .382 fib.

August 9, 2017

Outside bearish reversal candle:

August 4, 2017

$DJIA futures chart below. Weekly RSI 78.6 on negative divergence. Historical comparison included as reference:

August  1, 2017

For July month end I posted some monthly charts for $SPX, $DJIA, $RUT, $FAW, $XLF & $DAX. I can’t discuss them in detail here in the public chart section, but the charts actually send an aggregate message and you can find them linked in the Charts section. My latest public analysis can be found here: Welcome to the Danger Zone.

July 19, 2017

Last week’s trend line chart continues to confirm resistance on $DJIA while $SPX has entered our sell zone. The ascending trend line continues to get tested, but has also held for 4 weeks in a row. A sustained break lower opens $DJIA up to a larger technical retrace which could target the .382 fib or an 11% correction. For now the low volatility regime continues to dominate which leaves room to further upside. But watch that ascending trend line. It requires ever higher price levels to avoid a break.

July 13, 2017

Here’s a fun chart of the $DJIA in monthly format. A couple of key points: Price is pushed against 2 key multi year trend lines. Price is almost 2000 points above the monthly 15MA a standard price pivot regularly visited by the $DJIA in its long term history.

This MA will get revisited. Usually once a year. But it’s different this time. So they say.

July 12, 2017

Yesterday the $DJIA almost broke its trend line, today a pre-market released testimonial speech by Janet Yellen propelled the $DJIA to new highs hitting its upper trend line before rejecting. New highs came on a negative divergence. These 2 trend lines are converging, and are demanding a resolution in July.

July 6, 2017

I’m starting this segment with a macro chart of the $DJIA. Much like the global FTSE chart ($FAW) the $DJIA has been on an uninterrupted quarterly run since the February 2016 lows. Note during the last couple of quarters the $DJIA continued to tag a long term trend line which since then has served as a point of rejection. Also note the $DJIA is far disconnected from its quarterly 5 EMA.

The trend line is steep, but if we are correct about markets potentially topping in 2017 then the subsequent corrective move could eventually be very dramatic targeting the .382 fib if current highs hold (which is not confirmed as of yet). We expect the trend line to remain resistance on potential future tags.

For further charts please click the image below:

The material on this website is provided for informational purposes only, as of the date hereof, and is subject to change without notice and does not constitute investment advice.
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